Wayne, Mcclain County, Oklahoma Property Taxes

Name: Property Tax Bills Across Wayne, Mcclain County, Oklahoma
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wayne, OK effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Oklahoma state median of 0.97%. Median Wayne, OK home value: $103,409. Median annual Wayne, OK tax bill: $704, $1,696 lower than the national median property tax bill of $2,400.

How are property taxes in McClain calculated?

Property taxes in Wayne, OK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Wayne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wayne, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wayne, Mcclain County, Oklahoma Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.54%

Estimate Property Tax Bill

$835

$775

Ownwell’s Wayne Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wayne with just two data points.

By entering your property's estimated assessed value, our calculator applies Wayne’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in McClain County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wayne, Mcclain County, Oklahoma

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide this by the total assessed value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws influence the setting of tax rates and budgets, this is essentially the annual process.

In Wayne, located in McClain County, Oklahoma, the effective property tax rate stands at 0.79%, which is notably lower than the national median rate of 1.02%. This makes Wayne an attractive location for property owners seeking lower tax burdens. In comparison, Oklahoma's median property tax rate aligns with Wayne's, highlighting the state's overall favorable tax environment. With the national median property tax bill sitting at $2,400, property owners in Wayne benefit from significantly lower expenses. This can lead to substantial savings over time, especially when compared to other parts of the country. Whether you're a current homeowner or considering a move, understanding these tax dynamics can help you make informed decisions about property investments in Wayne.

Property Tax Rates Across Wayne, Mcclain County, Oklahoma

Source: Ownwell

0.53%

0.77%

1.01%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wayne Tax Rate

0.54%

Median Effective Mcclain County Tax Rate

0.90%

Median Effective Oklahoma Tax Rate

0.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wayne, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
73095	0.27%	0.39%	0.54%	0.72%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Wayne, Mcclain County, Oklahoma

When examining property taxes in Wayne, Oklahoma, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The McClain County Assessment District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In McClain County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wayne.

For example, the median home price in Wayne is $103,409, with tax bills ranging significantly across the county. Zip code 73095 has the highest median home price at $103,409.

Property Tax Assessment Values Across Wayne, Mcclain County, Oklahoma

Source: Ownwell

$127,590

$381,960

$636,330

Median Wayne Market Value

$154,642

Median Mcclain County Market Value

$244,276

Median Oklahoma Market Value

$160,842

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wayne, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
73095	$52,889	$98,728	$154,642	$249,195	$381,452

Source: Ownwell

Property Tax Bills Across Wayne, Mcclain County, Oklahoma

In Wayne, McClain County, OK, property tax bills are calculated based on the assessed value of a home, which is a fraction of the market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Wayne, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is around $384, while the 75th percentile reaches $1,290, and the 90th percentile can go up to $2,264. These figures highlight the range of tax burdens faced by homeowners in the area. Compared to the national median property tax bill of $2,400, Wayne homeowners generally experience lower tax bills. However, the financial impact can still be substantial, especially for those at the higher end of the spectrum. Ownwell offers a valuable service to homeowners by helping them appeal their property tax assessments and apply for exemptions. By leveraging expertise and local knowledge, Ownwell can potentially reduce property tax bills, providing financial relief and ensuring homeowners pay only their fair share.

Property Tax Bills Across Wayne, Mcclain County, Oklahoma

Source: Ownwell

$570

$3,573

$6,576

Median Wayne Tax Bill

$792

Median Mcclain County Tax Bill

$2,076

Median Oklahoma Tax Bill

$1,339

Median United States Tax Bill

$2,400

Property Tax Bills Across Wayne, Mcclain County, Oklahoma

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
73095	$238	$423	$792	$1,456	$2,560

Source: Ownwell